Guler, Kemal; Plott, Charles R; Vuong, Quang H - In: Economic Theory 4 (1994) 1, pp. 67-104
This paper applies an experimental testbed methodology to the evaluation of a proposed mechanism for allocating the right to land at the New York airports. The mechanism is called a "zero-out auction" because it is supposed to allocate the rights efficiently like an auction while leaving all of...